Things are looking good...

BUT BE WARNED!  Rates have gotten so good so fast that certain lenders can be repricing for the worse just to limit their volume of new inbound deals either due to manpower or funding line considerations.  So don't be mystified if you see reprices for the worse.  In that case, if you're a broker, it's time to start shopping around as someone else will have the ability to price closer to MBS.  If you are otherwise committed to one lender, be warned, this sort of paradoxical reprice can happen without warning, and unfortunately, there's not a way we can advise which lenders will participate in these disconcerting reprices.

Additionally, at current levels of 101-14 on 5.0s, the point Adam made earlier about the 101-16 being a tough ceiling is incredibly pertinent.  If you're satisfied with how the sheet looks now, be ready to lock this afternoon.